Similar to its nearby areas, it is substantially less expensive compared to the rest of the country. However it is substantially more expensive compared to the city of Buffalo.
Home prices
The median home in Lima costs $146,200. In comparison to other places in this area it is about $6,860 (4%) lower.It is roughly $71,300 (32%) lower in comparison to the rest of the nation, and it is about $56,400 (62%) higher in comparison to the city of Buffalo.
Rents
In Lima the median rent is $645 a month. Compared to other places in this area it is roughly $147 (18%) lower.Compared to the nation as a whole it is about $417 (39%) lower, and is about $131 (16%) lower in comparison to the city of Buffalo.
Nearby places
Honeoye Falls
Honeoye Falls is approximately 3 miles north from Lima. Real estate prices there are a little more expensive. The median home in Honeoye Falls costs $171,500, which is $25,300 (14%) higher than Lima. Its rents are somewhat more expensive. The median monthly rent in Honeoye Falls is $871, which comes out to $226 (25%) higher than Lima.
East Avon
East Avon is about 4 miles west of Lima. The real estate prices there are a little more expensive. The value of the median home in East Avon is $178,900, which is $32,700 (18%) higher than Lima. Rent there is a little more expensive. East Avon's median monthly rent is $842, which comes out to $197 (23%) higher than Lima.
Avon
Avon is approximately 5 miles west from Lima. Housing prices there are pretty similar. The median home cost in Avon is $151,200, which works out to $5,000 (3%) higher than Lima. The rent there is somewhat more expensive. Avon's median monthly rent is $720, which works out to $75 (10%) higher than Lima.
Lakeville
Lakeville is about 6 miles southwest from Lima. Its housing prices are a little less expensive. The median home in Lakeville is valued at $123,700, which is $22,500 (18%) lower than Lima. The rent there is somewhat more expensive. The median monthly rent in Lakeville is $808, which is $163 (20%) higher than Lima.
Livonia
Livonia is approximately 6 miles southwest from Lima. Real estate prices there are pretty similar. Livonia's median home value is $140,000, which works out to $6,200 (4%) lower than Lima. Rents there are a bit more expensive. In Livonia the median rent is $721 a month, which is $76 (10%) higher than Lima.
